NEW YORK Italian steel
and engineering firm Danieli & C. Officine Meccaniche SpA
has acquired Riverside Products Inc. from Sivyer Steel
Buttrio, Italy-based Danieli
will merge Riversides primary facilities in Iowa and
satellite operations in the United Kingdom and China into its
Danieli Centro Recycling division. The ongoing business will be
known as Danieli Riverside Products.
Established in 1959, Bettendorf,
Iowa-based Riverside Products is a leading manufacturer of
shredder rotors and wear parts. The company also produces
wear-resistant drag lines and hoist chains for the mining
"The wide range of Riverside
rotors is long-established and renowned within the scrap metal
recycling communities of the world for long life cycle and high
quality in both design and operation," Riverside Products
president Larry Hotaling said in a statement.
"The combination of our specific
expertise in wear-resistant castings with Danieli Lynxs
existing shredder know-how will enable the new group to meet
the needs of both the smallest and largest scrap processing
companies of the world," he added.
Danieli is engaged in the
design, manufacture, sale and installation of machines and
plants for the metallurgical industry. It also is active in the
production and sale of special steel for the automotive,
construction and railway industries, among others.